What is the current W funding rate?
The current W funding rate is 0.0050%. Positive rates mean longs pay shorts; negative means shorts pay longs. Rates update continuously on Hyperliquid.
What is the maximum leverage for W on Hyperliquid?
W perpetual futures support up to 10× leverage on Hyperliquid. Button recommends sizing positions to your conviction and risk tolerance — high leverage amplifies both gains and losses.
How do W perpetual futures work?
W perps are derivative contracts with no expiry date that track the price of Wormhole. A funding rate mechanism (currently 0.0050%) keeps the perp anchored to spot by transferring periodic payments between longs and shorts.
What fees apply when trading Wormhole perps through Button?
Button does not charge a platform markup. You pay the standard Hyperliquid maker/taker fees plus any funding cost if you hold a position across funding intervals. There are no hidden spreads or withdrawal fees.
How does liquidation work on W positions?
W positions are liquidated automatically by Hyperliquid when your margin ratio falls below the maintenance threshold. Button surfaces your real-time liquidation price so you always know how much room you have before you open or scale into a trade.
When can I trade W perpetual futures?
W perps are available 24/7 with no maintenance windows. Button reflects the market status live, so you can see at a glance whether the market is open, reduce-only, or actively trading.
Do I need to sign up or complete KYC to trade W?
No. Button is a self-custodial interface — you connect a wallet and trade W directly on-chain. There is no account, no identity verification, and no custodian holding your collateral. Local jurisdictional rules still apply.